Do you know what my real job is? It’s to be the voice of reason in a confused sea of opinions. I’m the guy who goes and finds the golden thread of truth amongst all the clutter. I’m the guy you turn to when you need an objective opinion, but everyone you know is running around like a headless chicken.
The chickens are running!
And squawking. Loudly. (Which is no mean feat for a chicken which has no head!)
All of the chickens are squawking the same thing:
“BITCOIN HALVING”
It seems as if halving is as misunderstood as what it
That is the title to a forbes article from a year ago that I posted about. Wanted to revisit it as we have seen another year of growth in the crypto space.
I’ll revisit a couple items from the piece, but you are welcome to view the article yourself.
Read the full article here: We Need To Shut Bitcoin And All Other Cryptocurrencies Down
Permissionless vs. Permissioned Blockchain
Seems the author’s biggest argument was in regard to this. Which is ironic because if he believes in Permissioned Blockchains then why do we need to shut all crypto down?
An except from the article…
The Problem with Permissionlessness
The problem with
Price is consolidating the in recent days on litecoin. We are going to look at the daily and weekly charts to see why this is actually a very good thing for longer-term upside.
Daily Point of View
Looking at the daily chart we can see ltc is now consolidating at the 108-110 area. The level that was a prior resistance. This price action is constructive as essentially price is forming a bit of a stair step pattern (though the price moves did pullback some first)
Only the daily chart it does not look like price is extended and most bulls are probably thinking,
A newly-proposed relay protocol could reduce the “transaction bandwidth” used up by bitcoin nodes by up to 75%.
cointelCalled Erlay, the proposed protocol alters the way transactions are relayed so that they use significantly less bandwidth, an important resource for the nodes that make up the network. The authors include The University of British Columbia researcher Gleb Naumenko as well as two bitcoin development heavy-weights: Greg Maxwell and Pieter Wuille.
The way bitcoin works is that nodes across the world tie together to form a network. Under the hood, once a transaction is broadcast, it ripples through this vast network of hardware.
EOS holders voted to reduce the annual inflation rate from 5% to 1% as of June 1, according to data on the voting platform maintained by EOS Block Producer (BP) EOS Authority.
According to the poll’s description, out of the current 5% of annual EOS inflation, 4% is being accumulated in the eosio.saving account while 1% is distributed among BPs in exchange for network maintenance. About 3.6 million EOS are reportedly created and sent to this on-chain account every month, and this number increases due to compound inflation mechanisms.
The original purpose of accumulating funds on the aforementioned account was allegedly to have the community vote on how to spend it or even burn it. Still, the proposal claims:
“However, 8 months have past and there is still no defined use for this large quantity of EOS tokens that continues to flow into the eosio.saving account. This large quantity of accumulated tokens has now become excessive and if we continue to allow it to keep growing, it will eventually become an attack vector for the network.”
Let’s talk about bitcoin, toxicity and inclusiveness.
(Boy, my Twitter feed is going to have fun over the next few days.)
To start with, let me take a position: I stand with those people, especially women, who’ve lately been calling out maltreatment from members of the bitcoin community and citing rude and abusive behavior as proof of that community’s lack of inclusiveness. These are people who believe in cryptocurrency technology’s potential but feel discouraged to believe that they belong to the community’s dominant white-male subculture. If this technology is to fulfill its global potential, the community associated with it must confront this problem.
But the real point of this column is not to just defend these critics. It’s to debunk one of the more common positions adopted by those who take issue with their complaints, particularly on Twitter. In doing so, I hope to emphasize just how important the concepts of “community” and “culture” are to the healthy development of crypto technology and the ecosystem growing around it.
Global settlement firm OKLink, a sister company of major cryptocurrency exchangeOKEx, will launch its stablecoin today, June 3, an OKEx representative told Cointelegraph.
In an email sent to Cointelegraph, the OKEx rep specified that the stablecoin — dubbed USDK — will be launched today in partnership with United States-based custodian Prime Trust.
On June 2, OKLink posted scans of the agreement between OKLink and Prime Trust on Twitter. At the end of last month, Star Xu — founder of exchange services provider OKCoin and OKEx — announced OK Group’s partnership with the trust company and plans to launch a stablecoin.
Global settlement firm OKLink, a sister company of major cryptocurrency exchangeOKEx, will launch its stablecoin today, June 3, an OKEx representative told Cointelegraph.
In an email sent to Cointelegraph, the OKEx rep specified that the stablecoin — dubbed USDK — will be launched today in partnership with United States-based custodian Prime Trust.
On June 2, OKLink posted scans of the agreement between OKLink and Prime Trust on Twitter. At the end of last month, Star Xu — founder of exchange services provider OKCoin and OKEx — announced OK Group’s partnership with the trust company and plans to launch a stablecoin.
Mainnet upgrade to optimize DPoS consensus performance and improve node connection stability.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
As usual the STEEM has some delay but is continuing to follow the BTC? So the resistance line at 0.39$ is now broken and we should go in direction of the resistance line around 0.43$. If the BTC is doing its pullback, we took some distance from our support line so we could do a similar pattern and make a pull back on the 0.39$. Let’s see, this scenario is not mandatory to test the 0.43$ level.
How to invest in masternodes without any knowledge of virtual servers or wallet commands.
Masternodes are an alternative to crypto mining. A masternode is a pc/server running a ledger containing a full copy of a specific cryptocurrency’s blockchain, in exchange, the owner recieves payment for upholding the ledger and running transactions. This payment comes in the form of the currency being mined. The main differences from mining are that you do not need expensive pc equipment (mining rig) to mine. However you do have to have a ‘stake’ in the coin. this amount various from coin to coin. ranging from just a few dollars worth of crypto to over a hundred thousand of dollars in the case of DASH masternode (currently $165,444 )
simplepospool.com Makes it easy to just buy a share in a node without having to invest in a full node. this means you can now invest as much as or little as you want so you can test the waters without having to risk a fortune. You also do not need any knowledge of setting up software, wallets,blockchains servers or anything techy.
Is it trustworthy? Ive used their service now for a few months and have not had any problems at all. No issues with deposits or withdrawals (withdrawals are manual so are not instant, they require support to confirm) no issues with masternodes.
Basically you decide which masternode you are going to invest in and then you deposit that currency into your simplepospool account. you then click on masternodes and then select ‘available masternodes’ you then select how many slots you want to buy. Thats it. its that simple. You will then see a return every so many hrs/days depending on the coin you have chosen. Make sure you check on ‘available masternodes’ to see how many coins are required per slot and if any slots are available. E.g. theres no point going to an exchange and buying 18 coins if a slot requires 20.
Sounds easy. well it really is. However choosing which currency to invest in is a different kettle of fish lol. When i first started with masternodes i lost a couple of hundred dollars on bad choices.
The return for running a masternode differs vastly from coin to coin. Most on startup offer a massive return for running a node, often over a 1000% in the beginning, some ‘offer’ you a ROI (return of interest) within days rather than months. Dont be tempted by the percentage alone unless you are prepared to gamble.
Nearly all new crypto’s/tokens tend to have an inflated price when launched, then take a massive dive in price and then level out at a small perecentage of what they started at. (hence the massive ROI offerd by most) As the price stabilises and more coins enter the market, the masternode (mining) ROI decreases.
You need to have a logical reason to choose a coin, don’t just go for the offer of riches. If you are going to choose a new coin then choose it for a reason. i.e. who were the developers? have they had experience before? (some coins have devs from other stable coins) is the idea/concept sound? (check the white paper) does it sound too good to be true? There are so many coins/tokens out there, does this 1 have a place? does it solve a problem over others? there are many peeps jumping on the band wagon and making their own currency without much backing. if you buy a node by investing your hard cash/BTC you are the backing.
a good idea is to do some research and look at the trading history and check how many crypto currency exchanges the coin is listed on. If its listed on many then there’s a good chance there is faith and backing in the coin. check to see the price is stable or is on a downhill slide. How long as the coin been running? the longer its been running and the more exchanges is listed on and the more monetary trading volume gives it more chance of not crashing and being de-listed.
If you are unsure then start with a small investment, an amount you are willing to lose until you have experience, often you pay to learn with this game.
If you are really not sure but want to learn then maybe just throw £10-£20 at a masternode and then leave it for a few weeks or a month. You have to be patient with crypto, you will not make much quickly unless you are experienced with a LOT of cash. Patience is the game.
Heres an example : i recently invested $115 in SINS coin. https://masternodes.online/ The current ROI (annual) is 253.31% which is pretty good. Notice its 2nd in the chart listing trading volume (currently $3,491,643) its also a decent dollar price at $6.5810 which means traders have some faith in it… Also if you then click on the link https://masternodes.online/currencies/SINS/ and scroll down you will see that the coin is listed on many exchanges. It has also been running since oct 2018 and is now at a higher price than when it started (most start high then drop like a stone lol)
Or another coin that has been running for a good while and is pretty stable but with less return is PIVX. Investing in PIVX will currently get you a ROI (annual) 10.27% Ok that’s not a ROI but its listed on many exchanges, has been running for over 1.5 years and has been at a relatively stable price for a good while now. https://masternodes.online/currencies/PIVX/
I’m not necessarily saying you should invest in those 2 above, im just trying to point out things to look for. i.e. price, volume, longevity, listed on multiple exchanges, stability etc etc. Don’t be impatient and research each coin you want to invest in. Don’t spend more than you are prepared to lose until you gain experience.
If you like my posts and what i’m doing on steemit, please give me a witness vote. witnesses keep the steemit blockchain running smoothly and it costs us to run our servers. Your witness vote helps to pay for the server cost. as yet i do not have enough votes to cover my costs.
Please vote pcste for witness. to vote for me go to : https://steemit.com/~witnesses scroll down the page and enter pcste into the box (dont use @sign) then click vote
Rates have been getting absolutely smoked on these tariffs and the woes. The rates hikes HAVE BEEN off the table and are now 100% for the foreseeable future. In fact we may see a cut soon. This has caught me a little by surprise. After nailing the “generational bottom” in 2016 and calling the rip to 3.0+, then calling the move back until 2.5-2.6, I really thought that we would stop going down here.
So far, this has not been the case. 2.14 is heading back towards levels not seen since Q3 of 2017. And guess what? This is not
The price action of Litecoin of late has been solid. Basically it has held the levels it needs to hold to have the full bullish designation remain intact.
Another moment of truth
Right now LTC is testing the 108 area that it breach a few days back. After breaking though a level a successful test is actually desired and bullish. It also makes for a more orderly move.
So that is where price is right now. The question is will it succeed. So far it is holding in steady but that doesn’t guarantee it will continue to do so.
The good news is this
Bitcoin dropped over $1,100 yesterday in under 8 hours. Price wicked below the $8,150 support, but bulls quickly stepped in to play defense. It’s now trading around $8,400 on Coinbase.
The daily RSI has developed an ascending support line that’s been respected since December of last year. If this support holds, it may signal the bulls have enough strength to test $9,000 again.
In today’s video I discuss market psychology. We’ll try to make sense of the beautiful madness that is bitcoin, give you key areas to watch and so much more. I hope you find it helpful.
Bitcoin has broken down and out of the larger rising wedge its been consolidating in for the last 3 weeks. Price dropped as low as $8,000 before bulls pushed it back above $8,200. A DECISIVE break below $8150 (daily candle opening and closing) would signal a larger drop to at least $7,500 in my opinion. Daily volume is relatively strong at $27.9 billion.
Price dropped quickly below the 8 day EMA, which had been acting as support.
In today’s analysis I discuss where price may be heading next, key areas to watch, possible buy/sell targets and so much more. I hope you
Finally, seems that the last wave has started moving upwards with a consistent increase in volume.
Target for this movement can reach, in my opinion, 9400 USD since I am expecting a good jump here…
However, we are witnessing the end of a few 5th type waves, leading to the completion of a major one (I)…
The likelihood of experimenting a normal “Pull Back” is now much higher, this pull back would build the 2nd wave, which, for the moment, whiteout nothing the nature and power can have a good ground at 7600 USD…
